NIFTY Analysis for 08 Sep 2020

As discussed yesterday, “Last two sessions Index opened Gap up & closed higher. Tomorrow high & lows are very important as we have important Gann date. Bulls need to move above 11719 to move towards 11773-11827-11881. Bears need to move below 11611 to move towards 11557-11503-11450. Please note that for third bullish target of 11881 bulls need to close above 11794 which is TOP of Nifty after Mar 20 & happened on 31 Aug 2020 which was also an important Gann date”

Bearish entry did not triggered and 2 targets achieved on bullish side on intraday levels. We did discussed yesterday that now bulls need to move above high of of 31 Aug 20, if bulls were able to takeout 11794 then we can see the rally till 11854-11881-11936. Bears below 11719 to fall till 11664-11611-11584

For 08 Oct 2020

Buy above 11746 for target of 11773, 11800 & 11827
Sell below 11719 for target of 11692, 11664 & 11638

Trade with Discipline & Strict SL

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